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A large number of Omanis are turning to Sri Lanka to invest in property, infrastructure development and the farming sector, officials said.

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Sri Lanka's Central Bank will fully cooperate with the Parliamentary probe on the tainted Treasury bond issue and await its finding, newly-appointed Governor Indrajit Coomaraswamy told reporters on Tuesday.

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Central Bank Governor Indrajit Coomaraswamy said that he only served as a consultant to Raj Rajaratnam, the hedge-fund tycoon and Galleon Group LLC co-founder in the US for 11 months.

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In the midst of ending Central Bank Governor Arjuna Mahendran’s controversial tenure in office and uncertainty amongst several senior Finance Ministry officials under the present system the National Budget Department management team will be commencing the 2017 budget preparatory work this month.

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Sri Lanka’s Consumer Affairs Authority (CAA) hit more than 10000 raids in the first half (1H) of 2016 –and increased its fine collections by a strong 55%, latest data showed.

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Prof Mohan Munasinghe was an honoured guest at the recently held Portuguese birth anniversary celebrations in Guimaraes city.

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Sri Lanka government has already borrowed US$ 185 from state and private banks in the country to repay US $631 million foreign loans, Central bank sources revealed.

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The Government has called for a special meeting with the representatives of local Trade Associations at 4 p.m. today at the Presidential Secretariat to discuss and reach an agreement on the tax reforms.

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Foreign Affairs Deputy Minister Dr. Harsha de Silva yesterday said that new Central Bank Governor Dr. Indrajit Coomaraswamy has the task of building back the Central Bank’s lost credibility.

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AFP:  Oil prices rose in Asia yesterday as traders welcomed assurances from Central Bank around the world that they were ready to step in to prevent a global rout following Britain’s vote to leave the European Union. After the initial shock of last Thursday’s referendum sparked a freefall, this week has seen a broad recovery across all asset classes. South Korea has promised of $17 billion in stimulus and speculation swirls that Japan is planning to further loosen monetary policy while the chances of the US raising interest rates this year have all but evaporated.

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